First half of 2020 – STATISTICS
Not surprisingly, our sales volume is down by about 30% so far this year, and we’ve sold 36% fewer properties this year than for the same period last year. The good news is that average sales price is up by 7% across the board; with the average price of residential sales up by 18% and average price for condos up by 12%!
Things are selling faster, too – average days on market are down by 16% overall, with average days on market being 212. We are closing deals faster, it’s taking around 217 days to close here now, compared to 260 days for same time period last year, a 16% decrease.